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Options Brief: Banner Corporation (BANR)
Thursday, December 23, 2010 - 2:25pm | 83Shares of Banner Corporation (NASDAQ: BANR) are higher on the session by 4.88%, trading at $2.15. Overall call volume is now running at 22.47x the daily average, with 41% of all calls traded being purchases on the offer. 1,573 contracts have traded on the session so far. Banner Corporation is a...
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A Happy New Year for U.S. Economy? - Analyst Blog
Thursday, December 23, 2010 - 2:06pm | 1353We are counting down to the New Year with about 9.8% of the population unemployed, 18% underemployed and a continuously worsening budget deficit. But mainstream economists appear upbeat about the year ahead, with increased expectations for the economy as the recently passed tax-cut extension bill...
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1st Source to Repurchase Preferred Stock from U.S. Treasury
Thursday, December 23, 2010 - 12:29pm | 1341st Source Corporation (Nasdaq: SRCE), parent company of 1st Source Bank, announced today that it has received approval to redeem all of the 111,000 shares of Series A Preferred Stock issued to the Treasury in January 2009 under the Capital Purchase Program of the Emergency Economic Stabilization...
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Stock Market News for Dec 23, 2010 - Market News
Thursday, December 23, 2010 - 10:33am | 988On Wednesday, markets ended marginally higher and major indices enjoyed record two-year highs. Primarily led by financial stocks and positive economic data, benchmarks ended on the winning side on a trading day with light volumes. As markets near the end of the year, it is to be seen if investor'...
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Sterne Agee: With One Less Competitor, Pricing Power Should Accrue To HBHC
Thursday, December 23, 2010 - 10:17am | 102On December 22, Hancock Holding Company (NASDAQ: HBHC) executed a definitive agreement to merge with Whitney Holding Corporation (NASDAQ: WTNY), whereby HBHC will issue 0.418 shares of its stock to WTNY holders, Sterne Agee reports. “The premium of 42% is high, but not unbelievable given the beaten...
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Stock Market News for Dec 23, 2010 - Market News
Thursday, December 23, 2010 - 10:08am | 988On Wednesday, markets ended marginally higher and major indices enjoyed record two-year highs. Primarily led by financial stocks and positive economic data, benchmarks ended on the winning side on a trading day with light volumes. As markets near the end of the year, it is to be seen if investor'...
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KBW Raises HFWA 2011 EPS Estimate
Thursday, December 23, 2010 - 9:24am | 62Heritage Financial Corporation (NASDAQ: HFWA) announced the redemption of its TARP CPP shares from the U.S. Treasury, KBW reports. “As we had forecast the repurchase of these shares mid-1Q11, we are raising our 2011 EPS estimate by two cents,” KBW writes. “Our 2010, 2012, and 2013 EPS estimates...
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SVB Financial Reaches Sterne's Price Target, Downgraded To Neutral
Thursday, December 23, 2010 - 9:23am | 121Sterne Agee has published a research report on SVB Financial Group (NASDAQ: SIVB) and has downgraded the company from Buy to Neutral. In the report, Sterne Agee writes "We are downgrading the shares of SIVB to Neutral, from Buy, as the stock has reached our 12-month target price. The shares now...
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TARP Repayment Is A Positive Move For Susquehanna Bancshares, KBW Reports
Thursday, December 23, 2010 - 9:21am | 86Susquehanna Bancshares, Inc. (NASDAQ: SUSQ) announced that it has repaid the remaining $100 million of its TARP funds with the related warrants expected to be repurchased in 1Q11, KBW reports. “We view the news as expected but an incremental positive since Susquehanna was able to gain approval...
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Whitney Holding To Be Acquired By Hancock Holding Company
Thursday, December 23, 2010 - 9:15am | 164Wunderlich Securities has published a research report on White Holding Corporation (NASDAQ: WTNY) and has suspended its ratings and price target after the company announced that it would be acquired by Hancock Holding Company (NASDAQ: HBHC). In the report, Wunderlich writes "On December 22, 2010,...
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Sterne Agee Downgrades SVB Financial Group To Neutral
Thursday, December 23, 2010 - 8:54am | 21Sterne Agee has downgraded SVB Financial Group (NASDAQ: SIVB) from Buy to Neutral.
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KBW Reiterates HBHC Rating On WTNY Buyout
Thursday, December 23, 2010 - 8:52am | 85KBW reports that in a surprise move, Hancock Holding Company (NASDAQ: HBHC) announced that it is buying Whitney Holding Corporation (NASDAQ: WTNY) in a deal valued at $1.5 bn or 1.7x WTNY's current tangible book value. “We find the deal is accretive to 2013 although the franchise adds new risks in...
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BMO Capital Downs PVTB To Market Perform
Thursday, December 23, 2010 - 8:06am | 41Analysts at BMO Capital downgrade PrivateBancorp Inc (NASDAQ: PVTB) from “outperform” to “market perform.” PVTB shares gained 3.30% to close at $15.02 yesterday. More Analyst Ratings here
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Top 4 Small-Cap Stocks In The Regional-Northeast Banks Industry With The Highest ROE (AROW, BDGE, TMP, TRST)
Thursday, December 23, 2010 - 4:43am | 145Below are the top small-cap regional-northeast bank stocks on the NYSE, the NASDAQ and the AMEX in terms of return on equity. The trailing-twelve-month return on equity at Arrow Financial Corporation (NASDAQ: AROW) is 14.91%. AROW's operating margin for the same period is 39.90%. The trailing-...
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Top 4 Small-Cap Stocks In The Regional-Southeast Banks Industry With The Highest Cash (IBKC, BXS, HBHC, WTNY)
Thursday, December 23, 2010 - 4:42am | 145Below are the top small-cap regional-southeast bank stocks on the NYSE and the NASDAQ in terms of cash. IBERIABANK Corporation (NASDAQ: IBKC) had $943.83 million in total cash and $730.16 million in total debt for the latest quarter. BancorpSouth Inc (NYSE: BXS) had $664.35 million in total cash...